During a market crash or bubble burst like 2000 and 2008, who is more at risk of getting laid off, IB Associate or ER Analyst?

*ER Analyst at one of the top asset managers.

I think the whole AM industry is generally more at risk because it's directly related to market risk. Correct me if wrong.

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Comments (3)

Nov 22, 2018

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Nov 24, 2018

I'd say if liquidity dries up, IB may be more at risk. A lot of AM have sector dedicated analysts, so those guys are at lower risk of being fired. The generalists are more expendible. Difficult question to answer, depends on the type of downturn, what drives it, and availability of capital.

Dec 9, 2018

GunningForPortfolioManager